Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 65.44% is in line with its 5-year average of 70.99%, near the low end of its 5-year range (58.06%–98.77%).
As of the fiscal period ended Tuesday, June 30, 2026. 3.34% above its 12-month average of 63.32%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
65.44%
GROSS MARGIN AVG TTM
63.32%
GROSS MARGIN AVG 3Y
60.39%
GROSS MARGIN AVG 5Y
70.99%
GROSS MARGIN AVG 10Y
76.91%
GROSS MARGIN AVG 15Y
79.47%
GROSS MARGIN AVG 20Y
75.29%
CURRENT VS TTM AVG
+3.34%
CURRENT VS 3Y AVG
+8.36%
CURRENT VS 5Y AVG
-7.82%
CURRENT VS 10Y AVG
-14.91%
CURRENT VS 15Y AVG
-17.65%
CURRENT VS 20Y AVG
-13.08%
SECTOR MEDIAN · FINANCIAL SERVICES
56.08%
median of 95 covered companies
CURRENT VS SECTOR MEDIAN
+16.69%
vs the sector median at left
Market Cap
$100.39B
Gross Margin
79.59%
TTM Avg
65.53%
3Y Avg
70.95%
5Y Avg
76.74%
Market Cap
$97.40B
Gross Margin
48.94%
TTM Avg
47.46%
3Y Avg
56.97%
5Y Avg
69.84%
Market Cap
$94.64B
Gross Margin
35.28%
TTM Avg
29.91%
3Y Avg
22.58%
5Y Avg
21.71%
Market Cap
$107.43B
Gross Margin
48.94%
TTM Avg
47.46%
3Y Avg
56.97%
5Y Avg
69.84%
Market Cap
$91.72B
Gross Margin
42.38%
TTM Avg
42.53%
3Y Avg
42.30%
5Y Avg
42.12%
Market Cap
$86.37B
Gross Margin
68.98%
TTM Avg
58.67%
3Y Avg
57.11%
5Y Avg
55.89%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| U.S. Bancorp (USB) | $100.36B | 65.44% | 63.32% | 60.39% | 70.99% |
| The PNC Financial Services Group, Inc. (PNC)vs › | $100.39B | 79.59% | 65.53% | 70.95% | 76.74% |
| The Bank of New York Mellon Corporation (BK)vs › | $97.40B | 48.94% | 47.46% | 56.97% | 69.84% |
| Brookfield Corporation (BN)vs › | $94.64B | 35.28% | 29.91% | 22.58% | 21.71% |
| CME Group Inc. (CME)vs › | $94.21B | 81.89% | 86.11% | 85.59% | 84.50% |
| Bank of New York Mellon Corp (BNY)vs › | $107.43B | 48.94% | 47.46% | 56.97% | 69.84% |
| KKR & Co. Inc. (KKR)vs › | $92.18B | 41.75% | 29.79% | 32.39% | 36.92% |
| Marsh & McLennan Companies, Inc. (MRSH)vs › | $91.72B | 42.38% | 42.53% | 42.30% | 42.12% |
| Intercontinental Exchange, Inc. (ICE)vs › | $86.37B | 68.98% | 58.67% | 57.11% | 55.89% |
| Moody's Corporation (MCO)vs › | $83.86B | 71.94% | 67.28% | 66.04% | 67.02% |
Gross Margin
65.4%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-06-30 | 65.44% |
| 2026-03-31 | 61.69% |
| 2025-12-31 | 66.85% |
| 2025-09-30 | 61.14% |
| 2025-06-30 | 61.49% |
| 2025-03-31 | 61.74% |
| 2024-12-31 | 60.19% |
| 2024-09-30 | 58.20% |
| 2024-06-30 | 58.06% |
| 2024-03-31 | 58.60% |
| 2023-12-31 | 59.90% |
| 2023-09-30 | 61.66% |
| 2023-06-30 | 61.65% |
| 2023-03-31 | 70.89% |
| 2022-12-31 | 64.16% |
| 2022-09-30 | 82.45% |
| 2022-06-30 | 89.00% |
| 2022-03-31 | 93.86% |
| 2021-12-31 | 96.28% |
| 2021-09-30 | 98.77% |
| 2021-06-30 | 98.75% |
| 2021-03-31 | 109.59% |
| 2020-12-31 | 87.64% |
| 2020-09-30 | 84.39% |
| 2020-06-30 | 64.86% |
| 2020-03-31 | 71.60% |
| 2019-12-31 | 78.43% |
| 2019-09-30 | 78.40% |
| 2019-06-30 | 78.23% |
| 2019-03-31 | 77.88% |
| 2018-12-31 | 78.73% |
| 2018-09-30 | 81.42% |
| 2018-06-30 | 83.06% |
| 2018-03-31 | 84.10% |
| 2017-12-31 | 84.94% |
| 2017-09-30 | 85.31% |
| 2017-06-30 | 86.02% |
| 2017-03-31 | 86.59% |
| 2016-12-31 | 86.89% |
| 2016-09-30 | 86.96% |
| 2016-06-30 | 87.35% |
| 2016-03-31 | 86.67% |
| 2015-12-31 | 88.32% |
| 2015-09-30 | 88.41% |
| 2015-06-30 | 88.15% |
| 2015-03-31 | 87.98% |
| 2014-12-31 | 88.19% |
| 2014-09-30 | 87.24% |
| 2014-06-30 | 87.58% |
| 2014-03-31 | 86.78% |
| 2013-12-31 | 87.21% |
| 2013-09-30 | 86.50% |
| 2013-06-30 | 85.25% |
| 2013-03-31 | 83.68% |
| 2012-12-31 | 83.30% |
| 2012-09-30 | 82.41% |
| 2012-06-30 | 81.37% |
| 2012-03-31 | 80.28% |
| 2011-12-31 | 79.41% |
| 2011-09-30 | 78.57% |
| 2011-06-30 | 77.15% |
| 2011-03-31 | 72.59% |
| 2010-12-31 | 70.67% |
| 2010-09-30 | 68.23% |
| 2010-06-30 | 65.19% |
| 2010-03-31 | 60.27% |
| 2009-12-31 | 65.36% |
| 2009-09-30 | 55.43% |
| 2009-06-30 | 52.41% |
| 2009-03-31 | 51.10% |
| 2008-12-31 | 50.33% |
| 2008-09-30 | 54.98% |
| 2008-06-30 | 62.39% |
| 2008-03-31 | 62.06% |
| 2007-12-31 | 63.87% |
| 2007-09-30 | 64.19% |
| 2007-06-30 | 64.74% |
| 2007-03-31 | 65.07% |
| 2006-12-31 | 65.67% |
| 2006-09-30 | 66.84% |
| 2006-06-30 | 69.47% |
| 2006-03-31 | 71.34% |
| 2005-12-31 | 71.16% |
| 2005-09-30 | 74.83% |
| 2005-06-30 | 76.74% |
| 2005-03-31 | 77.39% |
| 2004-12-31 | 82.69% |
| 2004-09-30 | 81.87% |
| 2004-06-30 | 80.78% |
| 2004-03-31 | 79.83% |
| 2003-12-31 | 75.06% |
| 2003-09-30 | 76.99% |
| 2003-06-30 | 77.40% |
| 2003-03-31 | 76.66% |
| 2002-12-31 | 75.17% |
| 2002-09-30 | 74.45% |
